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Alex Corporation Acquires Securities Classified as Marketable Securities for $10,000

Question 22

Multiple Choice

Alex Corporation acquires securities classified as marketable securities for $10,000.The entry is as follows:


A) Cash.........................10,000
Marketable Securities............................10,000
B) Marketable Securities................10,000
Bonds Payable..................................10,000
C) Marketable Securities.........10,000
Common Stock.............................10,000
D) Marketable Securities.........................10,000 Cash.............................................10,000
E) Bonds Payable....................................10,000
Marketable Securities....................................10,000

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